I'm hopeful - we're starting to get a lot of traffic over here from redditfugees. @PoppinKREAM showed up a little while ago, and that's a clear sign that the best content creators are making the move.
Because I like to bag on Reddit, here's what I think is happening:
Supposedly they were taking down /r/place today, in the past that's involved an infrastructure change. They are also getting rid of coins and awards and replacing them with some other bullshit, so that's likely to break the site too. That plus the ongoing API changes and Reddit's history of fractalized spaghetti code plus an angry userbase that includes a lot of anon and 4-chan members...
...well, lemme just say that you couldn't pay me enough to be a Reddit admin right now.